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United Arab Emirates University College of Business and Economics, Accounting & Finance Department ACCT225 Fundamentals of Cost and Management Accounting Group Project (15% of course assessment) Due date for report and video: 30 April 2021 Assessment rules 1. Always refer to your source of information in citations. 2. The department has a zero tolerance towards plagiarism (coping, outsourcing, etc.). Also, if a group's report is taken from another group's report, both groups will be awarded ZERO (O). Project Go to the websites of the following professional accounting bodies: 1) American institute of certified public accountants (CPA) (at www.aicpa.org); 2) Institute of management accountants (IMA) (at www.imanet.org), or 3) You can also go to other professional accounting bodies of any other country but make sure that the accounting body should be related with chartered accountancy or cost and management accounting (for example the British CIMA). Search for the ethical principles in each site and relate them to the situation below. Required: Upload to BlackBoard a report and a video file in which you, 1. Explain which ethical principles apply to the situation described below. 2. Advise Stolzing what he should do. 3. Advice the president what she should do. Walter von Stolzing is the Innsbrck-based controller of Beckmesser GmbH, a rapidly grow- ing manufacturer and marketer of Austrian food products. Stolzing is currently considering the purchase of a new cost management package for use by each of its six manufacturing plants and its many marketing personnel. There are four major competing products being considered by Stolzing. Pogner 1-2-3 is an aggressive software developer . It views Beckmesser as a target of opportu- nity. Every six months Pogner has a three-day users' conference on the Costa del Sol. Each conference has substantial time left aside for 'rest and recreation'. Pogner offers Stolzing an all-expenses-paid visit to the coming conference. Stolzing accepts the offer believing that it will be very useful to talk to other users of Pogner software. He is especially looking forward to the visit as he has close relatives living near Marbella Prior to leaving, Stolzing received a visit from the president of Beckmesser. She shows him an anonymous letter sent to her. It argues that Pogner is receiving unfair favourable treat- ment in the Beckmesser software decision-making process. The letter specifically mentions Stolzing's coming 'all-expenses-paid trip to Marbella during the depths of Innsbrck's winter'. Stolzing is deeply offended. He says he has made no decision and believes he is very capable of making a software choice on the merits of each product. Beckmesser cur- rently does not have a formal written code of ethics. 1 MARKING CRITERIA Total marks: 15 UAEU ACCT225 Group Project Evaluation GROUP MEMBERS CATEGORY Actual Score Maximum Score 1 5 VIDEO: The video is coherent, clear, and illustrates the key issues well. Clear, illustrative, convincing, impact 2 REPORT Q1: You identify the correct principles and explained them clearly 5 3 2 REPORT Q2: You apply suitable ethical principles to Stolzing's situation and give appropriate advice. 4 3 REPORT Q3: You apply suitable ethical principles to the president's situation and give appropriate advice Total 0 15 Additional Comments: 2 United Arab Emirates University College of Business and Economics, Accounting & Finance Department ACCT225 Fundamentals of Cost and Management Accounting Group Project (15% of course assessment) Due date for report and video: 30 April 2021 Assessment rules 1. Always refer to your source of information in citations. 2. The department has a zero tolerance towards plagiarism (coping, outsourcing, etc.). Also, if a group's report is taken from another group's report, both groups will be awarded ZERO (O). Project Go to the websites of the following professional accounting bodies: 1) American institute of certified public accountants (CPA) (at www.aicpa.org); 2) Institute of management accountants (IMA) (at www.imanet.org), or 3) You can also go to other professional accounting bodies of any other country but make sure that the accounting body should be related with chartered accountancy or cost and management accounting (for example the British CIMA). Search for the ethical principles in each site and relate them to the situation below. Required: Upload to BlackBoard a report and a video file in which you, 1. Explain which ethical principles apply to the situation described below. 2. Advise Stolzing what he should do. 3. Advice the president what she should do. Walter von Stolzing is the Innsbrck-based controller of Beckmesser GmbH, a rapidly grow- ing manufacturer and marketer of Austrian food products. Stolzing is currently considering the purchase of a new cost management package for use by each of its six manufacturing plants and its many marketing personnel. There are four major competing products being considered by Stolzing. Pogner 1-2-3 is an aggressive software developer . It views Beckmesser as a target of opportu- nity. Every six months Pogner has a three-day users' conference on the Costa del Sol. Each conference has substantial time left aside for 'rest and recreation'. Pogner offers Stolzing an all-expenses-paid visit to the coming conference. Stolzing accepts the offer believing that it will be very useful to talk to other users of Pogner software. He is especially looking forward to the visit as he has close relatives living near Marbella Prior to leaving, Stolzing received a visit from the president of Beckmesser. She shows him an anonymous letter sent to her. It argues that Pogner is receiving unfair favourable treat- ment in the Beckmesser software decision-making process. The letter specifically mentions Stolzing's coming 'all-expenses-paid trip to Marbella during the depths of Innsbrck's winter'. Stolzing is deeply offended. He says he has made no decision and believes he is very capable of making a software choice on the merits of each product. Beckmesser cur- rently does not have a formal written code of ethics. 1 MARKING CRITERIA Total marks: 15 UAEU ACCT225 Group Project Evaluation GROUP MEMBERS CATEGORY Actual Score Maximum Score 1 5 VIDEO: The video is coherent, clear, and illustrates the key issues well. Clear, illustrative, convincing, impact 2 REPORT Q1: You identify the correct principles and explained them clearly 5 3 2 REPORT Q2: You apply suitable ethical principles to Stolzing's situation and give appropriate advice. 4 3 REPORT Q3: You apply suitable ethical principles to the president's situation and give appropriate advice Total 0 15 Additional Comments: 2
